We're Not At Market Lows

The rate move itself isn't as important as what the Fed says, Bob Iaccino argues. He says the historical average between the last rate hike and cut over the last 50 years is 3 months, but he thinks that won't happen this time without extensive banking turmoil. He doesn't think the pain is over for the equity market and doesn't think we're at market lows. He also discusses recent inflation reports and whether the Fed will have to reconsider their target rate.